Deal Insight
Centrica and QPI acquire Suncor's conventional WCSB assets for Cdn$1 billion
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Report summary
In the largest conventional Canadian gas deal for three years, Centrica and Qatar Petroleum International (QPI) will acquire Suncor's conventional western Canadian assets for Cdn$1 billion (US$987 million). The partnership will gain a 90% gas-weighted portfolio and over one million acres of undeveloped land. Our valuation of the deal is US$945 million. Our modelling implies a long-term (breakeven) gas price of US$4.76/mcf. The balance of risk is to the upside. The deal is the first ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Alberta
- British Columbia
- Saskatchewan
- Deal analysis
- Upsides and risks
-
Strategic rationale
- Centrica
- Qatar Petroleum International
- Suncor Energy
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Upstream assets: Table 1
What's included
This report contains:
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